Are rate cuts really pro-liquidity in a fiscally dominant environment? Everyone seems to think rate cuts = generally good, but don’t they take away some stimulus from the interest expense payouts to bond holders? Is this outweighed by bank lending? nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet52dkxm4 nostr:npub1tccnjexzau3x5ea8c69v047nqfy3xm4w4yl9j788sts0usl87nhsvce6fh